Flag: two equal horizontal bands of red (top) and green with a yellow five-pointed star in the center; uses the popular pan-African colors of Ethiopia
@Burkina:Economy
Overview: One of the poorest countries in the world, Burkina has a high population density and a high population growth rate, few natural resources, and a fragile soil. Economic development is hindered by a poor communications network within a landlocked country. Agriculture provides about 40% of GDP and is mainly of a subsistence nature. Industry, dominated by unprofitable government-controlled corporations, accounts for about 15% of GDP. Following the 50% currency devaluation in January 1994, the government updated its development program in conjunction with international agencies. Even with the best of plans, however, the government faces formidable problems on all sides.
National product: GDP - purchasing power parity - $6.5 billion (1993 est.)
National product real growth rate: 0.4% (1993 est.)
National product per capita: $660 (1993 est.)
Inflation rate (consumer prices): -0.6% (1993 est.)
Unemployment rate: NA%
Budget:
revenues: $483 million
expenditures: $548 million, including capital expenditures of $189
million (1992)
Exports: $273 million (f.o.b., 1993)
commodities: cotton, gold, animal products
partners: EC 42%, Cote d'Ivoire 11%, Taiwan 15% (1992)